1934-02-24 — Page 1

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ABOUT:

THIS

THE HONG KONG HOTEL

GARAGE

Stubbs Road, Happy Valley.

BEDFORD

HOLDE IN

INGLAND

The dollar, on demand,

to-day at 1/6 1-8.

The

FINAL EDITION

China Mail

1. 1945.

THE OLDEST – ESTABLISHED NEWSPAPER IN THE FAR EAST

No. 28,658 HONG KONG, SATURDAY, FEBRUARY

24,

BERNARDS SALE OF

HIGH CLASS TIES

TO-DAY.

HONG KONG

Est. 1845.

CHATER ROAD,

1934. PRICE $3.00 Per Month.

DANCING BUTTERFLY RETURNS DIVIDEND OF

"HUNGER

"

MARCHERS

IN LONDON

City Police Called Out En Bloc.

BIG MEETING IN HYDE

PARK TO-MORROW

Unemployment Bill Protest

London, To-day. The Metropolitan Police are mak- ing quiet but extensive arrange- ments to deal with the 10 contin- gents of so-called “hunger mar-

PASSES AWAY

SMALL CROWD AT FAMOUS BRITISH COMPOSER

ANNUAL RACES

CAVALCADE WINS VALLEY

STAKES TO PAY $313

TWO JOCKEYS UNSEATED

MR. PAUL BOTELHO'S WIN DIVIDEND OF $335,50 ON MR. WOO TUCSON'S DANCING BUTTERFLY AND SOLDIER OF BRITAIN'S VERY FINE WIN IN THE MAIDENS PROVID- ED THE FEATURES OF THE FIRST FIVE RACES THIS MORNING BEFORE PROBABLY A RECORD LOW ATTEND- ANCE.

One Of The Master Musicians In The World

London, To-day.

The funeral of Sir Edward Elgar, famous composer, who died yesterday at his home in Worces ter at the age of 76, will in ac- cordance with his own wish be absolutely private...

age

Telegrams of sympathy recolv. ed by his daughter include a meas

tron

Hie Majesty the King Newspapers pay the highest tributes to

Edward's genius Str and declare that he was one of the master musicians in the world.. -British Wireless Service.

WARNING BY

$335.50 AT VALLEY

AMERICAN SURVEY OF REQUIREMENTS NE

SILVER PROBLEM

GOVERNMENT PLANNING

SEQUES TRATION?

RISING TIDE IN FAVOUR OF ACTION

SPECIAL TO CHINA MAIL.

(By Telegraph, Copyright, Telegraphic Messagen Ordinance, 1894.

Received February 23, 3.07 p.m.)

WASHINGTON, TO-DAY, QUESTIONED BY THE UNITED PRESS IN A SURVEY OF

THE

FOR SOUND

BASIS

$10,000,000 Needed In Gold And Silver.

ADDITIONAL SILVER WANTED

SPECIAL TO CHINA MAIL... (By_Telegraph. Copyright, Telepra- phic Meenapsz Ördinanes, 1834. Re- crived February 26, 8:45 am)

Washington, To-day!

The Walter Trent, the New York analytical engineer and inventor. yesterday told the House of Repre sentatives Comage Committee that the United States need U, S. $10,- 000,000 in gold and silver reserves

cherr" who are converging on Lon- ing, was glorious when seventeen ponies went to the gate in the CHANCELLOR OF HOUSE OF REPRESENTATIVES' SPEAKER, ME, RAINEY, SAID:- for a permanently sound basis.

don from all parts of the country for the meeting in Hyde Park to morrow, where they will be ad- dressed from eight platforms by prominent Labour members and Communists.

A resolution will then he adopted, protesting against the Unemployment. Bill.

The contingents are expected

The weather, which was very threatening early this morn- Wong Nel Chong Stakes, and the track was in exceedingly good condition considering the recent raine. The sand track was under water in many places.

Mr. S. N. Pan were unsealed in successive races, but fortunately Two spills occurred when Mr. S. W. Pan and his brother, neither rider was injured. Mrs. Lowcock's Panama returned $70 for a win in the first race, but after· Dancing Hall reached three figures the public showed very shrewd judgment, and no other out-

standing dividend was paid.

Classic Hall's defeat in the

to remain in the metropolis for Valley Stakes was attributable to Sarabande at least ten days, during which being bored out in the straight, Utopian time special constables will be when in the lead.

on duty. All leave of the regular came through in the last fur-Corrie poice force has been cancelled.-long to win. Reuter.

Three-figure Dividend

Winner Places

EXCHEQUER

Too High Expectations In Budget.

AEROPLANE NO SUBSTITUTE- FOR CRUISER

London, To-day.

PROBABLE SILVER ACTION IN THE UNITED STATES.

"UNDOUBTEDLY THERE IS A RISING TIDE THROUGHOUT

FLECTED IN CONGRESS.

The country now has U. S. $5,-

THE NATION FAVOURING SILVER ACTION, WHICH IS RE000,000,000 in gold and U. S.

*

“I, PERSONALLY, FAVOUR THE HEAVY PURCHASE OF $860,000,000 in silver, but should SILVER AND THE ISSUANCE OF CERTIFICATES AGAINST IT, obtain U. S. $4,000,000,000 worth BUT THERE IS NO PUBLIC INDICATION OF THE ADMINIS of additional silver.-United Press TRATION'S ATTITUDE, 80 IT IS IMPOSSIBLE TO ANTICIPATE per S. C, Gold Bar Co. ANY CONGRESS ACTION."

BRIGHT PROSPECTS FOR SILVER ACİTON.

Determined Effort To Be Made Next Week.

Mr. Elmer Walzer financial editor of the "United Press," said:

"There probably will be no bimetallism or sy-metallism. My opinion is that the Government is planning to sequester silver in the same manner as gold, embargoing exports and imports and paying probably as much as 50 cents per ounce for the present supplies."

"They may increase the price of newly-mined metal to a 16 ratio, with U.S. $35 gold, retaining half the seignorage.

"They may then increase the silver certificates proportion-phie 24. anxious than he yra to mitigate ately to the amount of metal sequestered, giving new silver certificates

A warning against too high ex- pectations in the Budget, was ut- tered by the Chanteler of the Ex- chequer, Mr. Neville Chamberlain, yesterday, in a speech at Plymouth, to

SPECIAL TO CHINA MAIL.

(By Telegraph Copyright. Telegra Mensabes Ordinance, 1894. Re

abrary, 24. 246 6

Cavalcade Red Fox

Panama

40

Black Prince Wapiti

228 314

143 197 72 116 46 74

62 87 42

35

64

Lucky III Scar Face Full Speed... Double Five Little Beauty Jibsheet

17

33

He said that nobody was more

8

se

8

*.

the heavy burden of Taxation and

4

11

to restore the cuts in pay as soon

for silver."

THE

OF REPRESENTATIVES MEMȘER, MR

4

9

1

I

Racing Beauty

1

4

Singing Butterfly

1

The Cannon Willdo

1

1

¡ances,

2

Mr. Dunbar's Rolling Bay look Denied Audience Withed good in his run up the straight prior to the start of the second Prime Minister.

section. No fewer than six of the eighleen" starters were left at the gate in a very unsatisfactory start.

À COMMUNISTIC PURPOSE.

London, To-day. The British Premier, Mr. Ramsay Mochtonald, has re- fused to receive a deputation of the so-called "hunger mar- chers" who have arrived in London from all parts of the country to demonstrate against the Government's Unemploy ment Bill.

The letter of refuenl states that the deputation can do na service

tor.

more satis

RESTRICTION OF

RUBBER.

Taranto (Mr. S. N. Pan) was the first to get away, but un- expectedly threw his rider, who had a narrow escape from being seriously injured by the encoming field.

Mr. Woo Tucson's Dancing But-2-12.60 NOON-THE WONG-NE- terfly Mr. Paul Botelho) led all

the way round in this race in which the field left the gate one) after another and paid $336.50 for

win!

the gate.

Hell for Leather (Mr.

AX

But-

1

as and as far as they could when

HOUSE they felt that they could safely FIESINGER, SAID: do so, with due regard to thei soundness of the country's fin-

Certain charges, however, con- tinued to increase automatically,

more than the present. and next year were bound to cost

Then the position of the defence forces must be con- sidered. Reductions of ex- penditure by the postpone- ment of building and stores could not indefinitely be con- tinued.

**I AM SATISFIED THAT WE ARE GOING TO USE SILVER. CONGRESS WILL ULTIMATELY BE FACED WITH THE CHOICE OF PAPER CURRENCY OR SILVER I DO NOT WANT PAPER, BUT WANT SUBSTANCE OF SILVER.

"WHEN THE COUNTRY AND CONGRESS UNDERSTAND THAT IT IS A QUESTION OF PAPER INFLATION OR SILVER, CONGRESS WILL APPROVE SOME SILVER-LEGISLATION.”

The House of Representatives AMERICAN SILVER member, Mr. Somers, expressed

an opinion that the most proper immediate action would be the

extension of the

Government's

silver purchasing plan to all the

LEGISLATION.

Impossible To Predict."

SPECIAL TO CHINA MAIL

|

Wankington, To-day.”

The House of Representatives member, Mr. Murdock, author of

the symmetallic plan for the dollar

more

base yesterday told the United Press that the outlook was [favourable for. House action for sil-

ver legislation than ever before,

"The Coinage Committee is an- xious to take action, and there will

be a determined effort next week to agree to some Bill and

report.

United Press per S.C. Gold Bar Co.

CROP REDUCTION IN AMERICA.

pio Messages Ordinance, 1894. Be

(y Telegraph, Copyright. Telegra Final Loan To Farmers

Of $40,000,000.. with the ceived February 24, 9.45 am)

Washington, To-day. Government making a scignorage

Mr. John Janney, Chairman of

Washington, To-day.

NEW MINISTER FOR and handling cost sufficient to the American Society of Practical President Roosevelt, intimating protect against future specula- Economists, and a frequent expert has signed a Bill authorising a U. that it will be the last of its kind witness before the House of Reg. $40,000,000 loan to the farmers

HOLY SEE

Sir Charles Wingfield

Appointed.

CHONG STAKES (Second Section). -Winner $760. Second $300, Third $200. For China Ponies, Subscrip tion Griffins of this Club of this Meeting. Weight for inches per scale. Jockey Allowance. En- trance $10. Half a Mile. Bald Commander (Mr. Pihi filled to the unemployed, stating, "The second place, half a length ahead Woo Tucson's Dancing Communistic purse of thea of The Carp (Mr. T. L. Wong), the

terfly 150 b, marches is common knowledge." favourite.

Referring to the outery for (Mr. P. P. Botelho) It adds that the Unemployment (Black) was fourth.

Wong Ping Shun's Bold Com-

larger Air Force, Mr. Chamber- lain remarked that the aeroplane silver in the world, whether old Bill now before the House of Com- Easy For Soldier Of Britain. mander 155 lb. mona will facilitate

was no substitute for a cruiser-for newly-mined, An indication of the serious

(Mr. H. M. Pih) 2 Reuter. factory treatment of the whole challenge Soldier of Britain is go- Li-Yu's The Carp 158 lb. question of unemployment.-Reu-jing to offer in the Derby on Mon-

(Mr. T. L. Wong) 3 day was provided in the Maiden Also ran:-Bird of Paradise 15 Stakes when in a field of 21 star-lb. (Mr. S. W. Pan); Blue tera he won from Electric Star by Danube 154 Ib. (Mr. H. V. Pearse); ju neck after being left standing at|Bran - Tub. 168 lb. (Mr. Y. S. Chang); Dictator 347 lb. (Mr. W.) G. Poy); Hell for Leather 155 lb,| 1-11.30 A.M: THE WONG-NEI Tang Man Wa); Racing Strain (Mr. D. Black): Kindo 150 lb. (Mr.) CHONG STAKES. Winner $750. 185. th. (Mr. H. P. Chanson); Second $300. Third $200. For China Ponies, Subscription Grimas Rolling Bay 161 lb. (Mr. F. M. L. of this Club of this Meeting. Weight |Soares); Soldier of Fortune, 159 for inches as per scale. Jockey Ib. (Mr. S. Y. Sun); Taranto 155 Allowance. Entrance $10. Half n

Ib. (Mr. S. N. Pan); The Bodega: Mile.

Bir Charles Wingfield, joined the 158 lb. (Mr. A. J. P. Hoard); The Rochard 153 h. (Mr. J. C. A. Diplomatic Service in 1901 after Ingram); Tulshan 156

resigning his commission as Captain (Mr. 2A. A. R. Botelho); Young Com. in the Royal Fusiliers. He served panion 158 lb. (Mr. S. Y. Liang); most of the European capitals, (Mr. 8. W. Pan) 3 Young Hero 165 lb. (Mr. Ip Kui Legation in 1915. He was British [and was first secretary to the Tokyo experience will show something of Also ran Black Prince 161 "lb. | Ying).

Won by: 1% lengths and half, a Minister to Bangkok from 1928 - to the possibilities of rubber restric-(Mr. R. R. Charles); Double Five! tion, but observing an agreement to 162 lb. (Mr. Ip Kai Ying); Full length. Time: 1.08.8. principle does not mean that all Speed 155 Ib. (Mr. F. M. LA practical difficulties will be solved. Soares); Jibsheet 166 lb. (Mr. The Carp

Definite Advance Seen, In Dutch Statement.

London, To-day. The statement made by the Dutch Premier. Dr. Colijn, that rub-

(Continued on Page 4.)

ber restriction is necessary and de-Mrs. Lowcock's Panama 158 lb.- sirable is the most significant pro-

(Mr. T. L. Wong) nouncement on the subject yet, and Miss Y. Shenton's Red Fox 154

Ib. the most definite advance, states the

.......(Mr. Frost) Financial Timei.

The journal remarks that the tin

-Reuter,

E. L. Hosic's Corrle 168 lb.

J. C.. A. Ingram); Little Beauty Brun" Tub 155 lb. (Mr. Y. T. Fung); Lucky III The Bodega 156 lb. (Mr. N. Deltz); Racing Young Herp

NEW BELGIAN KING Beauty, 152 lb. (Mr. H..P. Chan- Bold Commander

TAKES OATH.

Prince At Ceremony.

son); Barabande 155 lb. (Mr. A. Rolling Bay

P. Heard), Scar Face 158 lb. (Mr. Toishan

P. P. Botelho); Singing Butterfly Soldier of Fortune

|155 lb. (Mr. A. A EBotelho): Dancing Butterfly

The Cannon 150 lb, (Mr. W/ G. Young Commander

London, To-day, Pay); Utopian 159 lb. (Mr. S. Y. Bird of Paradise His Royal Highness the Prince of Bun); Wapiti 188 lb. (Mr. F. Hell for Leather Vales was present yesterday at the Marshall); Willdo 168 lb, (Mr. W; Blub Danube ceremony in Brinsula at which King|H; Choy),

2 Dictator

Leopold III of Belgium took the 1 Won by: 11⁄2 lengths and 134 Terantó

hin nocension in the throne. langtha?" Time: 1:01:2

Prince, later left. Brussels "by - Pari-mutuels

train on kii' return journey to Eng-

ALBritish Wirulena Bervica

Win $7L

Place:$21, $18:60, $18,50,

b.

Winner Places

260

385 286 435

138

68

149

125

31

21

12

28

20:

19

London, To-day. Sir Charles Wingfield, KCMG., British Minister to Oslo, Norway, has been ap- pointed Minister to the Holy See. --- Reuter.

| 1929.

TREASURY BILLS ISSUE.

£35,000,000 Maximum"

Allotted

London," To-day.

A total of £57,820,000 was, apr plied for yesterday in tenders for Treasury bills. The amount allotted in bills At three months was tha maximum, 485,000/

The average ratë par cent, was 17/2.823%

16/8.5

with

-Reuter.

7

tion in silver,

"My impression is, that the presentatives Coinage Committee, stabilisation fund could be used yesterday told the United Press in return for a reduction of crops. that it was impossible to predict to buy aliver. The Act specifics what silver legislation would be gold and foreign exchange, but taken this session. 'foreign exchange' means silver, because silver is money and ex- change in China," he declared;

"I do not know whether legislation will be enacted immediately," he continued, "but in my opinion, the longer we delay help for silver, the more we encour- nge the dislocation of indus- "trial functiona.”*

Representatives

member, re

He said that the Congressional Conservatives had become silver advocates for the purpose of re-

storing the gold standard and sav- ing the world from the tragedy of

managed currency.-United Press, Der S.C. Gold Bar, Co.

זיי,

U.S.$20,000,000,000 IN LOANS.

Amazing Advances By 20 U.S. Corporations.

Washington, To-day. Over U.S.$20,000,000,000 in loans were poured into Wall Street by 20 large corporations, in 1929, að- cording to the statistics of the United States Senate Committee

CANADA WAITING FOR BRITAIN. Relationship Regarding which is investigating the stock

Re-Valued Gold.

Mr. Somers, another House of

commended an action acceptable | to President Roosevelt, because no matter what measure, Con- gress passed, it would be inef- SPECIAL TO`CHINA MAIL. fective unless sympatheticallyic Messages Ordinance, 189), Her By Telegraph, Copyright-Tejepra administered.

ceived February 14, 9.58 0.me)

Ottawa, To-day,

"We can operate only as fast as the administrators are will- ing," he asserted United Fress, per 8 C. Gold Bar Co.

WAR LOAN AT NEW HIGH RECORD

London, To-day, British Government stocks roBE sharply on the London Block Ex

mabarday, under the lead

per cent which

Wireloni Sertlös

It is understood that Canada will wait until: Great Briti establishes, m' definit 'ship - regarding

'' gold and will then

tion with

Canada's" Interi tions—United; Gold Bar

market-Reuter

which went Homs the and recommissionid" for

the China Station, Ins from Bingapopa

ANGLO-FRENCH NEGOTIATIONS.

10 Per Cent. Cut In Quota Confirmed.

London, Today,

It is anticipated that the an-

Co

of the pening of no- for the new. čomineral

1